Evening Market Recap - Monday, 24-Jun

US equities ended mixed Monday, well off best levels. Nvidia, semis, and AI-linked names extended recent declines, with Nvidia now off more than 10% and the Philadelphia Semiconductor Index down over 5% since 18-Jun. However, breadth is positive with strong performance across value and cyclical groups. There was not much on the economic calendar as the June Dallas Fed Index missed, though was better m/m.